Analyst Ratings for Shoals Technologies Gr
Portfolio Pulse from Benzinga Insights
Shoals Technologies Gr (NASDAQ:SHLS) has received various analyst ratings over the last quarter, with 6 bullish, 4 somewhat bullish, 3 indifferent, and no bearish ratings. The average 12-month price target among 13 analysts is $25.15, with a high of $33.00 and a low of $17.00. This target is a 12.28% decrease from the previous average target of $28.67. Analysts use various methods and metrics to determine their ratings and predictions for stocks.
December 08, 2023 | 3:00 pm
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NEGATIVE IMPACT
Shoals Technologies Gr has a new average analyst price target of $25.15, reflecting a 12.28% decrease from the previous target, with a majority of analysts being bullish or somewhat bullish.
The decrease in the average price target suggests that analysts have revised their expectations for SHLS downward, which could lead to a short-term negative impact on the stock price. However, the majority of analysts are still bullish or somewhat bullish, which may mitigate some negative sentiment. The confidence level is not at the maximum because analyst predictions are not always accurate and can be influenced by various factors.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100